Gas Meter Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR70929
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 Gas Meter Market - 2021-2025

The gas meter market size is expected to reach a value of USD 3.43 billion, at a CAGR of 8.53%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as smart meters enable efficient use of gas are projected to significantly support market growth during the forecast period. Our research experts have thoroughly evaluated and covered the latest trends and challenges that will have a far-reaching effect on the market growth.

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Gas Meter Market Segments

From this Technavio report, get actionable insights on the gas meter market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by product (smart gas meter and basic gas meter) and geography (North America, Europe, APAC, MEA, and South America) in this gas meter market report to pursue growth opportunities.

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This research report entails a thorough qualitative and quantitative analysis on the post-pandemic gas meter market predictions on consumer demand changes for 2021-2025.

Gas Meter Market Vendors and Competitive Analysis

Technavio research specialists have included significant well-thought-out business planning approaches of key players in this report. The gas meter market is fragmented and the vendors are deploying organic and inorganic growth strategies to gain a competitive advantage.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Get the full report to understand the COVID-19 impact on the growth of the gas meter market share during 2021-2025.

The gas meter market forecast report comprises complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Gas Meter Market Vendors

Gas Meter Market - Region Opportunities 2021-2025

34% of the gas meter market growth will originate from North America during the forecast period. The US is the key market for gas meter market in North America. This report encompasses exclusive information on potential business locations and understand the demographics of current and prospective customers.

Gas Meter Market Share by Geography

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North America has been exhibiting a significant growth rate for gas meter market vendors. Factors such as the increased production of natural gas are accelerating the gas meter market growth in North America. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click on the image above.

The gas meter market share growth in North America will be slower than the growth of the market in regions such as APAC and MEA. The geographical segmentation in the report has assessed and included details on the competitive intelligence and regional opportunities in store for vendors.

Gas Meter Market Insights by Product

Gas Meter Market Share by Product

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The gas meter market share growth by the smart gas meter segment will be significant during the forecast period. The smart gas meter segment is expected to grow rapidly during the forecast period as the end-users are increasingly preferring smart gas meters compared to basic gas meters. This report provides an accurate prediction of the contribution of all the segments to the growth of the gas meter market size.

From the gas meter market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentations will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

Gas Meter Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding gas meter market growth is technological challenges. In this research report, our analysts have elucidated exhaustive all key industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

Smart meters and smart energy meters prove extremely invaluable for the judicial use of gas, leading to financial savings. These devices help customers monitor and track their gas consumption patterns. Power utilities roll out and install these devices at residential, commercial, and industrial facilities that use natural gas. Smart meters have several advantages such as improved supervision of gas consumption and customized report generation. These benefits are gradually increasing the popularity of smart gas meters and it is expected to drive the gas meter market growth during the forecast period of 2021-2025.

This gas meter market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

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Gas Meter Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive gas meter market growth during the next five years
  • Precise estimation of the gas meter market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the gas meter market across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of gas meter market vendors

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Gas Meter Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 8.53%

Market growth 2021-2025

USD 3.43 billion

Market structure

Fragmented

YoY growth (%)

10.97

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 34%

Key consumer countries

US, Germany, China, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Apator SA, Chongqing Shancheng Gas Equipment Co. Ltd., Die Diehl Stiftung and Co. KG, EDMI Ltd., Honeywell International Inc., Itron Inc., Landis+Gyr AG, Xylem Inc., and Zhejiang CHINT Electrics Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Smart gas meter - Market size and forecast 2020-2025
    • Basic gas meter - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Apator SA
      • Chongqing Shancheng Gas Equipment Co. Ltd.
      • Die Diehl Stiftung and Co. KG
      • EDMI Ltd.
      • Honeywell International Inc.
      • Itron Inc.
      • Landis+Gyr AG
      • Xylem Inc.
      • Zhejiang CHINT Electrics Co. Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The gas meter market growth will increase by $3435.07 million during 2020-2025.
      The gas meter market is expected to grow at a CAGR of 8.53% during 2020-2025.
      Technavio has segmented the gas meter market by product (Smart gas meter and Basic gas meter) and geographic (North America, Europe, APAC, MEA, and South America).
      Apator SA, Chongqing Shancheng Gas Equipment Co. Ltd., Die Diehl Stiftung and Co. KG, EDMI Ltd., Honeywell International Inc., Itron Inc., Landis+Gyr AG, Xylem Inc., Zhejiang CHINT Electrics Co. Ltd. are a few of the key vendors in the gas meter market.
      North America will register the highest growth rate of 33.92% among the other regions. Therefore, the gas meter market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • Germany
      • China
      • Japan
      • UK
      The key factors driving the gas meter market growth are:
      • Smart meters enable efficient use of gas
      The gas meter market vendors should focus on grabbing business opportunities from the smart gas meter segment as it accounted for the largest market share in the base year.
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